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Yes, Uber's opacity is shady, but raising their rates is a business necessity. If rides are still being subsidized by Uber (via losses) and its drivers (via lo
by neolefty 9y ago
Yes, Uber's opacity is shady, but raising their rates is a business necessity.
If rides are still being subsidized by Uber (via losses) and its drivers (via low wages), would it be more accurate to say that new riders are given a promotional discount and frequent riders are charged a more sustainable rate?
- ksk 9y ago>would it be more accurate to say that new riders are given a promotional discount and frequent riders are charged a more sustainable rate? The government had already regulated cab fares to where they couldn't just gouge the customer and (hopefully) the prices were fair to both the cab driver and the rider. Uber re-introduced risk into the equation, along with the opportunity to capture the consumer surplus.